Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. ​ Aaron Norman earned $24,900 for the year from Marcus Company. The company is subject to a SUTA tax of 4.7% on the first $9,900 of earnings. Determine:   a) the employer's FUTA tax on Norman's earnings __________. b) the employer's SUTA tax on Norman's earnings __________.

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A: SUTA taxes paid = taxable payroll x SUTA contribution rate

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A:

Q: Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. Aaron Norman earned $24,900…

A: FUTA tax = taxable payroll x tax rate = $7000 X 0.6% = $420

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A:

Q: Taxable income Marginal tax rate 0-12.000 € 0% 12.001-30.000€ 29% 30.001-75.000 € 39% άνω 75.000 €…

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A: Sepf employment tax rate 2020 = 15.3% Income = 345000-150000= 195000